Originally published in 1987. A powerful combination of the authors' research and practical experience underpin this book's treatment of management and financial strategy in the world mining industry. In contrast with highly theoretical economic treatises on the extractive industries, this account deals with the practical realities of the economic, technical and business structure of the industry, the managerial and investment strategies, and the principle public policy issues. This book will interest all students and researchers in resource economics and it will be useful to officials of mining companies, government agencies, and financing agencies. Economic geologists and environmentalists should also find it relevant to their interests.